Srigee DLM IPO subscribed 490.93 times on the last day, a retail quota was subscribed over 243.71 times, NII subscribed over 1,534.66 times, and QIB was 136.52 times, respectively.
Details About Srigee DLM IPO
Srigee DLM IPO received approval from SEBI for an IPO worth ₹16.98 crores. Wherein a fresh issue would be totally ₹16.98 crores.
Further, Srigee DLM had a set price band between ₹94 to ₹99 Per Share.
Srigee DLM IPO consists of 1200 shares in 1 lot size for retail minimum and maximum categories as well. While 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in the Srigee DLM IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,18,800.
- SHNI (S-HNI): Minimum investment of ₹2,37,600.
Srigee DLM IPO’s Subscription Duration
Srigee DLM IPO opened on 5th May 2025 and closed on 7th May 2025. Srigee DLM IPO allotment date was scheduled on 8th May 2025. Srigee DLM IPO listing on May 12, 2025.
Srigee DLM IPO funds deployment
Srigee DLM has decided to use the IPO proceeds, money will be utilized for capital expenditure, issue expenses, and general purposes.
About Srigee DLM Company
Sridgee DLM is one of the top-notch companies to run plastics. Though it was incorporated in 2005, and is involved in a plastics manufacturing business.
It is capable of producing a wide variety of products through both OEM and ODM services. Additionally, its OEM capabilities include converting plastic prototypes, while its ODM services facilitate seamless integration between design and manufacturing processes.
Their strategic objective is to consistently lead in cost efficiency across every product vertical they enter. Thanks to the experience of the Promoter, who has focused on technology, ongoing research, strong supplier partnerships, solid customer relationships, and consistent industry demand.
Financial Report of the Srigee DLM Company
The company reported revenue of ₹54.65 crores in 2024 against ₹47.25 crores in 2023. The company reported a profit of ₹3.10 crores in 2024 against a profit of ₹2.81 crores in 2023.
